The volume of this pair has drastically reduced as it forms into a wedge. Waiting for a breakout. If it breaks upwards, watch out for the fakeout as the pair seems to be overpriced.
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Highlight Points:
- Even more Fed-speak indicating hawkishness has continued the drive higher in the Dow Jones FXCM Dollar Index, and this has brought to question two previously strong trends in EUR/USD, but this strength hasn’t necessarily been even-handed: While EUR/USD appears to be on the cusp of establishing a new down-trend as major,...
Fundamentals:
CGI is an IT company based in Canada that delivers end-to-end IT outsourcing services for communications, financial, government, health and other industries. Seems like very stable company from funadamental point of view: large capitalization, not overvalued, debt to equity is okay and short float is low (a little people betting on short side). But...
We are looking at USD/CAD (4h timeframe). What we are waiting for is break to the upside and then trend continiuation. We will entry around 1.3160 area. Profit will be taken at 1.340 and stop loss is placed at 1.3050!
We wish everyone a great weekend!
on the 4H chart the long term resistance line has just been touched. this has been followed by a nice engulfing candle setup. the recent uptrend support line has also been broken. the 1H chart also shows what looks to me like a head and shoulders setup. all of this is telling me that i believe it will go short.
Here we see that previous structure support was broken and a lower low, lower close was formed (LLLC). I waited for the pullback and traded it, now looking for 3 take profit targets from using the fib. retracement.
Entry: 1.4453
TP1: 1.44073
TP2: 1.48785
TP3: 1.43318
Remember to roll stops to break even when first profit target is hit.
USD/JPY CONSOLIDATION TRADE?
USD/JPY TRIPLE TOP RESISTANCE AROUND 109.50 AREA
GOOD RISK TO REWARD HERE
TAKE PROFIT RIGHT AT 38.20% MAJOR STRUCTURE SUPPORT LINE
STOPS ABOVE RED LINE
This is an opportunity i've had on my radar since last friday.
As the market slowly retraces back into our structure resistance levels this potential bat formation sets up @0.7911. Right now i'm looking for a rally up into this level to hopefully see a correction into our targets. For now all you can do is sit and wait!
Good luck trading everyone!
there is a bullish 4h setup, entry at price: 1,13153 take profit: 1,14034 Stop Loss: 1,14034
A Time management and Money management must be applied to the signals.
Always have time stops in mind.
This signals are part of my trading system that I have created for my students,
it’s easy to use and is with a straight rules. so 100% clear.
The market...
A clean break of the 79 level would see price head towards the 77 level. We have already seen a break and retest of the 80.50 level where price has headed south and bounced of the 10 EMA. The long term outlook for this pair would be past the 77 level where we have the potential to reach the 75 level.
However if price does not break the 79 level we could see...
